You can’t make this up. Treasury yields FELL despite US wholesale prices jumping 1.3% in a single month, the biggest rise since March 2022. The 10-year dropped to around 5.06% during Thursday’s trading, per CNBC. Investors sold tech stocks and fled into the safety of bonds. Chip stocks had already lost over $1.6 TRILLION in six sessions, per Reuters. In August, the US Treasury said it would at least double the maximum size of some long bond buyback operations from September 9, describing them as “liquidity support.” On Thursday afternoon, Treasury accepted $6 BILLION of bonds in its 20 to 30 year buyback, after yields had already fallen that morning. The 10-year and 30-year hit their highest levels since 2002 earlier this month. Meanwhile, US net interest costs reached an estimated $1.143 TRILLION in fiscal 2026, more than either Medicare or the military, per CBO.